Smarter Web draws total GBP 17.5 million under Coinbase credit facility

  • The Smarter Web Company raised total drawings under its Coinbase strategic credit facility to GBP 17.5 million following its latest bitcoin purchase.
  • The facility is secured against the company’s existing bitcoin holdings.
  • The loan carries a variable interest rate of 6.75% to 7.25%.
  • The company reported an approximate leverage ratio of 11.77%.
  • The facility remains repayable at the company’s discretion without additional charges.


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